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Cable Update (GBPUSD)

  • #173,201
  • Oct 5, 2009 10:52pm Oct 5, 2009 10:52pm
Quoting sloof
$5 says G/U goes up to 1.6160 before crashing
So yer like calling the top of the chart @ 1.6160?

Interesting....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #173,202
  • Oct 5, 2009 11:05pm Oct 5, 2009 11:05pm
  •  sloof
  • | Joined Apr 2009 | Status: Birejji (ビレッジ) ►FOREX◄ | 141 Posts
Quoting Magix
So yer like calling the top of the chart @ 1.6160?

Interesting....
well it's really a range 1.6160 - 1.6370, but no more than that

I'll start selling at 1.6160 though and keep adding if it goes higher
  • #173,203
  • Oct 5, 2009 11:12pm Oct 5, 2009 11:12pm
Quoting jack.canadia
haha you too man .. took some time off, had to get ready to move off to school

finding time to take some trades now .. mainly 4h charts, entries off the 1h, been good so far and fits my schedule

how have you been?
Hi Jack... how are you mate
  • #173,204
  • Oct 5, 2009 11:13pm Oct 5, 2009 11:13pm
Quoting sloof
well it's really a range 1.6160 - 1.6370, but no more than that

I'll start selling at 1.6160 though and keep adding if it goes higher
That's a pretty big range.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #173,205
  • Oct 5, 2009 11:16pm Oct 5, 2009 11:16pm
Hi everyone,

What happen to GBP this week? on the technical analysis, it's seem like try to claim back to 1.600 and hopefully it can go to 1.666. In this 2 days, market has shows GBP slightly bullish but anything can happen until the end of the week.

Rgds,
P.E
  • #173,206
  • Oct 5, 2009 11:17pm Oct 5, 2009 11:17pm
Quoting wormboy
and yet it still floats above 76.60
That is the line in the sand. If usdx closes below that level than cable has a very good chance to fly up, else cable will still linger at current level before tanking.
Have a good one, be back london session. Good luck
Bro agreed cable today will still bulish trend towards 1.6150 level before it down continues?
  • #173,207
  • Oct 5, 2009 11:22pm Oct 5, 2009 11:22pm
Quoting JhonMonsalve
We're on range mode [159 - 160]

If range breaks then
PA > 160 = Long
PA< 159 = Short
160 < PA < 159 = Scalp

Else

Do another things

End

lol

Jhon
Look at the weekly for both GU & GY..and no swing for me this week..only day and scalp for 50pips max...........
  • #173,208
  • Oct 5, 2009 11:23pm Oct 5, 2009 11:23pm
Quoting grashid
i could be wrong........c tomorrow....chow
  • #173,209
  • Oct 5, 2009 11:29pm Oct 5, 2009 11:29pm
Quoting grashid
Look at the weekly for both GU & GY..and no swing for me this week..only day and scalp for 50pips max...........
Just keep those greens on a safe place G!

I'm scalping too, this week could be plenty of false breakouts, just we must be careful!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #173,210
  • Oct 5, 2009 11:32pm Oct 5, 2009 11:32pm
Quoting JhonMonsalve
Just keep those greens on a safe place G!

I'm scalping too, this week could be plenty of false breakouts, just we must be careful!
...as posted on Friday..
6200/6220 and 146.50/147 only am thinking for bear swing setting for both GU & GY.......

6050-6200-6350-6400 will be my step by step target and 6050 will be my first target for GU and 6000..30 trailing will be turn on .....Good luck
  • #173,211
  • Oct 5, 2009 11:38pm Oct 5, 2009 11:38pm
Quoting grashid
...as posted on Friday..
6200/6220 and 146.50/47 only am thinking for bear swing setting for both GU & GY.......
Yup G! Chronicle of a Death Foretold

Cable ---> 162.2

Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 34 KB


Geppy --> 146.5

Attached Image (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 35 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #173,212
  • Oct 5, 2009 11:44pm Oct 5, 2009 11:44pm
Quoting JhonMonsalve
Yup G! Chronicle of a Death Foretold

Cable ---> 162.2

Attachment

Geppy --> 146.5

Attachment
..I saw 150/150.20-152.50 also possible for GY if price close above 146.50/147 this week..catch u in london....
  • #173,213
  • Oct 6, 2009 12:20am Oct 6, 2009 12:20am
I was looking @ 6200 last week, then we fell short @ around 6120.

crashed down YET never made the sub 5800!
Thus, I do feel 6200 is possible this time around.

Longs @ 5944/8
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #173,214
  • Oct 6, 2009 12:26am Oct 6, 2009 12:26am
hello all..how can i know about PA????have any indicator?
  • #173,215
  • Oct 6, 2009 12:34am Oct 6, 2009 12:34am
Hi guys,

For those who who don't know me I'm a five years experienced trader using Ichimoku system...

We are currently about @1,60 key level, look at yellow arrow on H4 chart, I'll be waiting the close of current bar (8h GMT) above green 76,8 fib fan before entering long.....

and I'll be waiting a close on H1 above the upper side of kumo (cloud) before loading truck with heavy amount....

GL to all
Attached Image (click to enlarge)
Click to Enlarge Name: saisie1.gif Size: 37 KB
Non licet omnibus adire Corinthum
  • #173,216
  • Oct 6, 2009 12:40am Oct 6, 2009 12:40am
Quoting javajames
We are currently about @1,60 key level, look at yellow arrow on H4 chart, I'll be waiting the close of current bar (8h GMT) above green 76,8 fib fan before entering long.....
Hey javajames, interesting charts - just curious and maybe I'm not reading the chart right - does that mean you're entering the up move at 1.6117? If so, wouldn't a retrace perhaps be underway at that point, or does the cloud redraw?
  • #173,217
  • Edited 12:49am Oct 6, 2009 12:44am | Edited 12:49am
I read this the other day and IT WORKS.

I am sure some of you know this already. BUT, here it is. A Way around First in First out for US traders subjected to this. (*may vary on brokers)
(ALWAYS test on demo first)

OK, For example If you opened a standard position, ONE Lot,
then 2 more lots in that position you are now only able to sell the first one, instead of "pointing and shooting."

HOWEVER, IF, you sell a half lot or even a mini lot out of that first lot,
You have effectively sold part of the position!! Making it NOT the 1st one in!

Now, if you do the same down the line for other open lots you are changing the order. This will work in the following scenario as well.

Position open 2 mini lots cable long @ X price
Positon 2 open 2 mini lots cable long @ later Price

Now if you sell 1 mini than another, your are next able to point and shoot!!! Reason being you have "sold" into the first position no longer making it the
"1st one in" !!!

I have tested this with market orders, it works. I will test it next with entry orders.
Please share if you have input.
Hop this helps!!!
XTrade-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #173,218
  • Oct 6, 2009 12:51am Oct 6, 2009 12:51am
Quoting Beljevina
Hey javajames, interesting charts - just curious and maybe I'm not reading the chart right - does that mean you're entering the up move at 1.6117? If so, wouldn't a retrace perhaps be underway at that point, or does the cloud redraw?
No it means I'm waiting 8h GMT, if it closes above 1,60 I'll enter long and then if it closes above 1,61175 on H1 I'll add strongly to my position....

Don't worry for my going short...... on M15 chart which is my usual TF....See below, I'll be going short when it crosses the lower side of cloud

Hope it helps
Non licet omnibus adire Corinthum
  • #173,219
  • Oct 6, 2009 12:54am Oct 6, 2009 12:54am
Sorry forgot M15 chart
Attached Image (click to enlarge)
Click to Enlarge Name: saisie1.gif Size: 35 KB
Non licet omnibus adire Corinthum
  • #173,220
  • Oct 6, 2009 1:10am Oct 6, 2009 1:10am
GU's making a 3rd attempt within 90 minutes to get to/by 1.6 and looks like it hits rejection - and as a VSA neophite - I'll assume the high volume is selling, since it can't get over the hurdle. I'd expect though London will get it over, but question is how long it'll run: I was surprised a few days ago it headed back south after 1.60241, and it's hard to be convinced it'll get to 1.61 tonight. Unless of course, the whole thing is a bull trap and GU & GY will both head tank. Regardless, really weird to see GY and GU behave opposite - only explanation is that the yen (and it's crosses) are strong and dollar is weak.
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